San Diego, CA (PRWEB) March 28, 2008
The number of foreclosed homes in San Diego County is decreasing as the year continues, according to New Foreclosure Online. The site, which specializes in foreclosure listings throughout the country, has seen fewer homes listed from the Southern California county, which follows trends throughout the state.
It is no surprise that the number of San Diego County homes listed on New Foreclosure Online is down. A recent report from ForeclosureRadar reveals that 1,275 foreclosed homes were sold at auction in February, compared to 1,612 in January. This gives San Diego County the 25th highest rate of foreclosed homes for sale in the state of California, compared to its previous ranking of the 17th highest rate. San Diego currently has one foreclosure for every 2,405 homes in the county.
The team of experts at New Foreclosure Online knows that there are and will continue to be many great opportunities to purchase foreclosed homes for sale in San Diego at extremely reasonable rates, though. While the number of foreclosure listings in the county is down from recent months, it is still at a high rate compared to a year ago when there were only 450 foreclosures. This means that prices will continue to decline, and new home buyers will continue to have many affordable options available to them.
For more information about foreclosed homes, visit http://www.newforeclosureonline.com.
About New Foreclosure Online:
New Foreclosure Online provides a helpful database of foreclosure listings, which provide buyers with an inexpensive way to find a home. A large list of foreclosed homes is perfect for those who are looking to invest in a virtually risk-free real estate opportunity. With a complete list of foreclosures, buyers can find the home of their dreams, or their next investment. The complete list can also provide information about each foreclosure, and in some cases, about pre-foreclosed homes and auctions.
Thousands of houses are foreclosed each day in the United States, and even more people are interested in buying one. As soon as a buyer finds the house that fits into their budget and preferences, they can buy it. The process is simple, but without this list finding the house is nearly impossible. By joining New Foreclosure Online, buyers can also find everything they want to know about this market, the legal steps of the process and the possibilities of investment.